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deficit. >> the real consequence, the real cost is raising the debt limit. think of how many times we have raised the debt limit over the years and think of all the additional debt that has been piled onto the u.s. economy that u.s. citizens are responsible for repaying. that is what i am concerned about. it is the cost of the added debt and i would much rather see a non-increase in the debt ceiling even if it means we have some temporarily -- temporary losses associated with some partial; shutdown. that kind of pain is greater than the pain we will have to endure because we raised the debt ceiling repeatedly. >> it is estimated that i have to percent point increase that could stem from a default would cost about $75 billion a year. that means higher erring costs for homeowners, five -- car buyers, you name it. i get that we need this chicago boy shock treatment but there are millions who could be put into financial ruin. >> interest rates will go up eventually. the more debt we pile on now, the more we increase the debt ceiling today, the higher interest ra
deficit. >> the real consequence, the real cost is raising the debt limit. think of how many times we have raised the debt limit over the years and think of all the additional debt that has been piled onto the u.s. economy that u.s. citizens are responsible for repaying. that is what i am concerned about. it is the cost of the added debt and i would much rather see a non-increase in the debt ceiling even if it means we have some temporarily -- temporary losses associated with some...
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the important thing when you have a deficit and if you have a deficit you need to spend that money wisely. not just throwing it at the dogs. >> eric: your unemployment rate is what? 6%? >> yes. >> eric: do you look at ours at 2.3, what are you doing differently? >> i think we are, we're small enough to be more flexible. i believe that this flexibility is giving to results. we can do better and we will do better. we're positioning the economy now as part of a global market, rather than just the european market. that is where things will get better. >> eric: all right. we'll leigh leave -- we'll leave it there. not often you have a head of state on "cashin' in." we have one this week. that is it for cost of freedom block. thank you for joining us. weigh in on the topics we discussed on twitter. see you on "the five." have a great weekend, everybody. >> the countdown is underway as the hours press along for a possible government shutdown come monday night. at this hour, house republicans are just beginning a rare saturday closed session with members feeling the heat to respond to a senate bi
the important thing when you have a deficit and if you have a deficit you need to spend that money wisely. not just throwing it at the dogs. >> eric: your unemployment rate is what? 6%? >> yes. >> eric: do you look at ours at 2.3, what are you doing differently? >> i think we are, we're small enough to be more flexible. i believe that this flexibility is giving to results. we can do better and we will do better. we're positioning the economy now as part of a global...
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when you take away, you add to the deficit. i do not think there's any question that the answer we know is that it will reduce the amount of revenue that comes in. >> ok. -- lease let me >> follow the logic. we should all agree that the amount was going to be revenue if this measure , $30 billion, law we should be able to agree that it is $30 billion to the deficit. then fact, if you look at look atmount, if you the june 5 and outcome is says four $3.2 billion over year period time. we have taken out $70 billion that was in another section of -- bill that was incapable we did that rather without batting an eyelash. >> i think 29. >> it depends which one you read. i'm confused, too. do that.xpect you to further questions from the gentlewoman? >> no. >> anyone on this site that has questions? you. you are now excused, sir. 210 hearing portion of hr-3 is now closed. the chairman will be in receipt of a motion from the gentlewoman from north carolina, vice chairman the committee. she is recognized. >> thank you. [indiscernible] it
when you take away, you add to the deficit. i do not think there's any question that the answer we know is that it will reduce the amount of revenue that comes in. >> ok. -- lease let me >> follow the logic. we should all agree that the amount was going to be revenue if this measure , $30 billion, law we should be able to agree that it is $30 billion to the deficit. then fact, if you look at look atmount, if you the june 5 and outcome is says four $3.2 billion over year period time....
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such costly consequences and their efforts to reduce the deficit. well member the real consequence the real cost is raising the debt limit think of how many times we raise the debt limit over the years and think of all the additional debt that's been piled onto the u.s. economy that u.s. citizens are now responsible for repaying so that's what i'm concerned about it's the cost of the added debt and i would much rather see a nod increase in a debt ceiling even if it means you know we have some temporarily temporary losses associated with some kind of partial semi government shutdown that kind of pain is much greater from the pain that we're all going to have to endure because you're repeatedly raise the debt ceiling but it's estimated that just a half percent point increase in treasury rates which could stem from a default could cost about seventy five billion dollars a year that means higher borrowing costs for homeowners car buyers you name it it's so good there we need this sort of chicago boy style shock treatment but to use what you say to the m
such costly consequences and their efforts to reduce the deficit. well member the real consequence the real cost is raising the debt limit think of how many times we raise the debt limit over the years and think of all the additional debt that's been piled onto the u.s. economy that u.s. citizens are now responsible for repaying so that's what i'm concerned about it's the cost of the added debt and i would much rather see a nod increase in a debt ceiling even if it means you know we have some...
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and this includes short-term deficits. it really makes it a lot easier to say that we are in bad times and we should cut back, which is true for a household it's very hard to go through keynesian economic reasoning in a political speech. that being said, there are many folks who do on want a deed that driven approach to safety nets. and the vested interests that would like to have a genetic reduction that are very compelling. >> thank you. >> do you mind speaking in the microphone is a c-span person? sumac you give an example of ricardo's assumptions, or do you kind of list them? >> yes, they are buried in footnotes. but it's actually, if you are interested in these issues, there is an old report by the group that was published in 2003. if you look at chapter two of that report, it was their major trade report. and they discuss in great detail what the data is regarding trade agreements in the assumptions upon which the trade should improve in which countries that is true and which it seems to be violated and how it has go
and this includes short-term deficits. it really makes it a lot easier to say that we are in bad times and we should cut back, which is true for a household it's very hard to go through keynesian economic reasoning in a political speech. that being said, there are many folks who do on want a deed that driven approach to safety nets. and the vested interests that would like to have a genetic reduction that are very compelling. >> thank you. >> do you mind speaking in the microphone...
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our deficits are falling at the fastest pace that they have in 60 years. by the end of this year we will have cut our deficit by more than half since i took office. so that is not what this is about. in fact, if you have been following the discussion, the republicans in the house do not make a pretense that that is what this is about. instead, house republicans are so concerned with appeasing the tea party that they have threatened a government shutdown or worse unless i gut or repeal the affordable care act. i said this yesterday, let me repeat it. that is not going to happen. more than 100 million americans currently already have new benefits and protections under the law. on tuesday, about 40 million more americans will be able to finally buy quality affordable health care, just like anybody else. those marketplaces will be open for business on tuesday, no matter what, even if there is a government shutdown. that is a done deal. as i said before, if republicans have specific ideas on how to genuinely improve the law, rather than cut it, rather than dela
our deficits are falling at the fastest pace that they have in 60 years. by the end of this year we will have cut our deficit by more than half since i took office. so that is not what this is about. in fact, if you have been following the discussion, the republicans in the house do not make a pretense that that is what this is about. instead, house republicans are so concerned with appeasing the tea party that they have threatened a government shutdown or worse unless i gut or repeal the...
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the deficit. it's about whether you pay the bills you've already run up and once you hit the debt ceiling, things like social security checks would cease to go out and our credors around the world, there's a -- creditors around the world, there's a real chance of a global meltdown. >> here's the thing about public opinion on this. public opinion is on the first one, don't shut the government down but if you look at the polls on the debt ceiling, people believe it should actually be tied to some kind of budget compromise because the feeling naturally is if you can't pay your credit card you have to figure out a way to tighten your belt and even the president today in making comments about this said remember the good old days two years ago when we had that fight over the debt ceiling? at least then he said we were talking about reducing the deficit. he said now this isn't about reducing the deficit, although republicans think obowl care will add to the deficit. he said this is about an agenda that y
the deficit. it's about whether you pay the bills you've already run up and once you hit the debt ceiling, things like social security checks would cease to go out and our credors around the world, there's a -- creditors around the world, there's a real chance of a global meltdown. >> here's the thing about public opinion on this. public opinion is on the first one, don't shut the government down but if you look at the polls on the debt ceiling, people believe it should actually be tied...
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and we can achieve the same amount of deficit reduction, in fact, even more deficit reduction without the job loss under the plan that we've proposed as a democratic caucus here in the house. and in the people's house, we think that the american people deserve a vote on that. the speaker wants to vote no. he wants to vote to have 800,000 fewer jobs in this country at this time next year, that's his prerogative. but we think in the people's house, the american people are entitled to have a vote on the proposal we put forward. >> we're hoping you'll hear some news, we'll hear some news that our republican colleagues have decided to drop the obsession with the party platform and putting that -- jamming that into a budget bill three days before they move to close the goth. -- government. we're ready to move forward with them on a clean vote, on a budget bill. we have been for quite sometime. it would be helpful if they would show they want to extend a hand of 231 representatives of the american people. it's time that the american people saw us doing some stuff together. and if 80% of the
and we can achieve the same amount of deficit reduction, in fact, even more deficit reduction without the job loss under the plan that we've proposed as a democratic caucus here in the house. and in the people's house, we think that the american people deserve a vote on that. the speaker wants to vote no. he wants to vote to have 800,000 fewer jobs in this country at this time next year, that's his prerogative. but we think in the people's house, the american people are entitled to have a vote...
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well, deficits come down. so here we are again threatening to harm the economic for turns of americans with a shutdown and even the debt ceiling, but we're not talking about debt and deficit no more. now we're talking about obamacare. my advice to my republican colleagues is to try to overturn the affordable care act at the ballot box. oh, that didn't work. another piece of advice. go to the court and try to have it found unconstitutional? oh, that didn't work out either. ok. well, try to go through the regular legislative process. 43 times later that didn't work. so now we're going to literally damage the economy of this nation? the fact is this is wrong. it's going to hurt veterans, seniors. it's going to hurt children. it's going to hurt our parks. it's going to hurt our own country. and i pray that my colleagues stop this. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the entleman from california rise? without objection. >> thank you, mr. speaker. again, we
well, deficits come down. so here we are again threatening to harm the economic for turns of americans with a shutdown and even the debt ceiling, but we're not talking about debt and deficit no more. now we're talking about obamacare. my advice to my republican colleagues is to try to overturn the affordable care act at the ballot box. oh, that didn't work. another piece of advice. go to the court and try to have it found unconstitutional? oh, that didn't work out either. ok. well, try to go...
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twenty fourteen our country will face certain deficit next year it will be more serious than even more than that and in the end we will find ourselves in a very difficult situation if we are responsible if we want to feel confident probably a bit more modest during a certain period of our life but nevertheless be sure that nothing collapses blasts or falls apart then we should act carefully and professionally a stability course was the highlight of the russian president's budget message in june i revised budget for the next three years is expected on october first lisa lookin on the money r t. ok chris let's continue with the russian economy on the back of this report here can you have a stability budget and still have a productive good high productivity because it seems to be kind of a binary here mr. has offered alternatives to the current strategy of the government does it make sense to you you can for a while you know clearly you can into the for a period of months over the winter in emphasizing stability shouldn't do that much damage does that work in terms of growth but you know
twenty fourteen our country will face certain deficit next year it will be more serious than even more than that and in the end we will find ourselves in a very difficult situation if we are responsible if we want to feel confident probably a bit more modest during a certain period of our life but nevertheless be sure that nothing collapses blasts or falls apart then we should act carefully and professionally a stability course was the highlight of the russian president's budget message in june...
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that's the plan but you know any suggestion to the budget is going to run say four or five percent deficits. and then you know build up the debt that stephanie off the cards as long as it's just a result of the one nine hundred ninety s. i mean the you know this is still based on everyone's mind absolutely i think the trauma that was experienced by the economy by the populace by the society associated with how great the decline was how severe the debt burden at the time was i think that still to some degree feeds this aversion to greater debt within the society and also in the top echelons of power as the a look around they see that still a lot of the world isn't goals and comfort with tremendous amounts of debt and probably this is still going to be a significant constraint the speed of recovery in the developed world and the speed of work of we quite frankly of the world economy as a whole so cordingley i think going forward perhaps as investors have a more differentiated view in terms of their preferences they will seek out those countries that have a stronger balance sheet and russia is
that's the plan but you know any suggestion to the budget is going to run say four or five percent deficits. and then you know build up the debt that stephanie off the cards as long as it's just a result of the one nine hundred ninety s. i mean the you know this is still based on everyone's mind absolutely i think the trauma that was experienced by the economy by the populace by the society associated with how great the decline was how severe the debt burden at the time was i think that still...
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a self funding agency operated about a billion dollars of a deficit in the last fiscal year. city bus details on the u.s. -- to give us details on the usps, john reilly of the "federal times" will be along later to explain as "washington journal" continues right after this. ♪ >> who is to say what the cleveland clinic is doing has anything to do with obamacare? well, madam president, the answer to that is -- who is to say? the cleveland clinic is to say. a spokesperson for the cleveland clinic said "to prepare for health care reform, cleveland when it is transforming the way care is delivered to patients." she added that "$333 million would be cut from the clinic's annual budget." >> we know that there are things that are happening right now that we're getting paid less by private and public payers. insurance companies are paying us less, medicare is paying us had anequestration effect on hospitals, the nih funding decreasing has had an effect on our research, and so we had to decrease our costs still further. and all of this goes into trying to change how health care comes
a self funding agency operated about a billion dollars of a deficit in the last fiscal year. city bus details on the u.s. -- to give us details on the usps, john reilly of the "federal times" will be along later to explain as "washington journal" continues right after this. ♪ >> who is to say what the cleveland clinic is doing has anything to do with obamacare? well, madam president, the answer to that is -- who is to say? the cleveland clinic is to say. a...
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he talked about deficit reduction. he was talking about how the deficit's being reduced faster in the last 60 years. that's because he's collected more taxes. that's like bragging that you paid your rent after you robbed a bank. it makes no sense. >> you think this is a little too much for president obama? he tries to control the messaging a little too much or a smart move by the white house? >> there's a couple ways to look at this. we talked about three different things here. we're talking about the iranians. the budget. on the budget deal, it seeps to me that right now the republicans are in the driver's seat. they've got obama on the defensive. if they succeed in shutting down government, we know they'll take the hit on it. the last time, they got hurt badly. do you want to mess around with the full faith and credit of the united states? that one, i'd rather see them shut the government down because that would be -- "the wall street journal" thinks the markets will fall 1,500 points in the first day. i'll tell you,
he talked about deficit reduction. he was talking about how the deficit's being reduced faster in the last 60 years. that's because he's collected more taxes. that's like bragging that you paid your rent after you robbed a bank. it makes no sense. >> you think this is a little too much for president obama? he tries to control the messaging a little too much or a smart move by the white house? >> there's a couple ways to look at this. we talked about three different things here....
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this time, the president claimed, the threat of a government shutdown isn't about reducing deficits, which are already falling... this time, he said, it's mostly about undoing obamacare. he said that's not going to happen. obama says: "those marketplaces will be open for business on tuesday, no matter what, even if there's a government shutdown. that's a done deal." mr. obama urged republican lawmakers to consider the impact of a shutdown on an economy that's still recovering too slowly. obama says: "that's why many republican senators and many republican governors have urged republicans to knock it off, pass a budget, and move on." as he spoke, federal agency heads said more than a third of the nation's 2.1 million federal workers would stay home if there's no agreement. combat troops would remain on duty but training and maintenance would suffer... and civilian contractors already pinched by the so called sequester would be hit again. national parks across the country and national monuments here in washington would close. social security and medicare benefits would still go out but
this time, the president claimed, the threat of a government shutdown isn't about reducing deficits, which are already falling... this time, he said, it's mostly about undoing obamacare. he said that's not going to happen. obama says: "those marketplaces will be open for business on tuesday, no matter what, even if there's a government shutdown. that's a done deal." mr. obama urged republican lawmakers to consider the impact of a shutdown on an economy that's still recovering too...
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. --- mientras tanto, las autoridades dicen que se estima que hay un deficit de 17 mil doctores. blanca ---a medida que las zonas afectadas por las inundaciones en mxico se recuperan, comienzan a reportarse casos de clera y dengue. --- y como nos dice jazive prez... roll open .....la situacin se empeora con el pronstico de ms lluvias. take pkg ;00 ;12 ;35 1:00 1:16 story num: es10f slug: mex colera trt: 1:45 format: pkg date: friday, september 27 2013 eta: 1800 restrictions: none producer notes: supers: l/ciuadad de mexico s/ ramiro sanchez / afectado :12-16 s/ casira gomez/afectada :35-40 s/ mercedes juan / secretaria de salud 1:00-1:105 s/jazive perez / ciudad de mexico 1:16-1:20 por muy poco tiempo se alejo la amenaza de guerrero, a mas de 10 dias de que manuel inundaran casi todo el territorio, las constantes lluvias han vuelto a activar la emergencia en muchas de sus comunidades.. super= ramiro sanchez / afectado :12-16 inq=.aquí había casas,..estas eran otras dos, pero ya se las llevo la corriente.. los pobladores de la venta, no han podido volver a su hogar y es que a pe
. --- mientras tanto, las autoridades dicen que se estima que hay un deficit de 17 mil doctores. blanca ---a medida que las zonas afectadas por las inundaciones en mxico se recuperan, comienzan a reportarse casos de clera y dengue. --- y como nos dice jazive prez... roll open .....la situacin se empeora con el pronstico de ms lluvias. take pkg ;00 ;12 ;35 1:00 1:16 story num: es10f slug: mex colera trt: 1:45 format: pkg date: friday, september 27 2013 eta: 1800 restrictions: none producer...
SFGTV: San Francisco Government Television
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we've worked together to fix our that deficit with reform and 5 years planning all of which has maintained our strong bond rating and this summer we're going to tangle our health care obligation. well, it's bogging because of our layers focus on the infrastructure of our economy that that has allowed us to become the faster growing state not new york or los angeles but we cannot have done that without the san francisco chamber of commerce and without our business community that has vifrtd in our city in helping me create those jobs everyday. so, now this is not the time to rest in our success. i think it's time that we double down on our success by focusing and tackling with more vigor and more resolve by looking over that horizon to see what else we should be doing. this is not a buckle ladies and gentlemen. that first city college we're going to save city he college period no, ifs or maybe so it's too important to give up open our students or training of our workforce in the future. it's the fit and second the affordable care act is important. we're focused in marking our residents and e
we've worked together to fix our that deficit with reform and 5 years planning all of which has maintained our strong bond rating and this summer we're going to tangle our health care obligation. well, it's bogging because of our layers focus on the infrastructure of our economy that that has allowed us to become the faster growing state not new york or los angeles but we cannot have done that without the san francisco chamber of commerce and without our business community that has vifrtd in...
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it would add to the deficit. >> again, repealing obama care will add to the deficit. true or false? >> in the strange world of washington budget score keeping, it is true. repealing would add to the deficit. but, and this is an important "but." the real world say little bit different than our budget score keeping here in washington. this is expensive legislation. it costs money to provide health coverage to millions of americans. but the reason that the score keepers kind of do the math and say that they're there are savings, is because they've also put in some different tax increases and fees along the way that offset the costs. so in a technical sense, the president is correct by the score keeping. but i don't want anyone to get the misimpression that this does not cost money. >> okay. good to know, let's listen to republican senator ted cruz here now, too. because he says obama care is forcing small businesses overseas. >> the millions of small business owners who are forcing their employees, forcibly reducing their hours to 29 hours a week. the millions of small business owners
it would add to the deficit. >> again, repealing obama care will add to the deficit. true or false? >> in the strange world of washington budget score keeping, it is true. repealing would add to the deficit. but, and this is an important "but." the real world say little bit different than our budget score keeping here in washington. this is expensive legislation. it costs money to provide health coverage to millions of americans. but the reason that the score keepers kind...
SFGTV2: San Francisco Government Television
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when we began this year's budget, we began like many years before, trying to reduce significant budget deficits. but because we have pursued policies to control costs, grow our economy, create jobs and stabilize our fiscal health, this year i'm proposing a budget that protects our social safety net, one that increases public safety, and one that invests in our city's infrastructure at unprecedented levels. and it is a budget that significantly grows our city's reserves. this budget is being delivered as san francisco's economy is recovering, going, and moving in the right direction. and san franciscans are getting back to work. in fact, our unemployment rate has dropped, as you all know, from 9.5% in january of 2011 to an astounding 5.4% just last month. (applause) >> i know, i know it has -- it has not been easy. we've had to work hard with our health services system, our care -- our health care providers, and labor to reduce employee health care costs. and because of our collaboration, we will now save $52 million over the next two years. and we've made tough but necessary choices on everythi
when we began this year's budget, we began like many years before, trying to reduce significant budget deficits. but because we have pursued policies to control costs, grow our economy, create jobs and stabilize our fiscal health, this year i'm proposing a budget that protects our social safety net, one that increases public safety, and one that invests in our city's infrastructure at unprecedented levels. and it is a budget that significantly grows our city's reserves. this budget is being...
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we continue to do it, because we believe that the debt, deficit, sequester, political fight in the end gets revolved. and when it does, markets go higher. and we don't know when it's going to be resolved, but i don't believe the united states of america is going to shut down forever. >> well, meanwhile, you have a couple of recommendations that are all etfs, they're all in different kinds of areas, and they all have done rather well so far this year. so let's go down your list. top of your list is ticker symbol, iwo. these are the shares of the russell 2,000 growth indexes. these are small caps. why do you like these? >> i like them, susie, because the small caps, number one, have been outperforming. and if the economy continues to recover, even slowly, with low inflation and low interest rates, and it looks like that's the case for several years. small cap companies is will do well. they have the u.s. domestic rery advtage in so many ways. so small caps have outperformed large caps. they continue to do so. if you look day by day by day by day, when the market goes down in this last ro
we continue to do it, because we believe that the debt, deficit, sequester, political fight in the end gets revolved. and when it does, markets go higher. and we don't know when it's going to be resolved, but i don't believe the united states of america is going to shut down forever. >> well, meanwhile, you have a couple of recommendations that are all etfs, they're all in different kinds of areas, and they all have done rather well so far this year. so let's go down your list. top of...
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it's going to blow the deficit wide open. >> ok. that's got to be the last word. thanks, guys. >>> well, who says this guy's cruising for a bruising? neil and the gang on why the guys attacking senator ted cruz are the ones who may take it on the chin. that's at the bottom of the hour. but up here first, it's all about money. if the government shuts down, is the market, the economy, are they going down with it? or are these fears overblown? we report. you decide. as your life changes, fidelity is there r your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater
it's going to blow the deficit wide open. >> ok. that's got to be the last word. thanks, guys. >>> well, who says this guy's cruising for a bruising? neil and the gang on why the guys attacking senator ted cruz are the ones who may take it on the chin. that's at the bottom of the hour. but up here first, it's all about money. if the government shuts down, is the market, the economy, are they going down with it? or are these fears overblown? we report. you decide. as your life...
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on an issue that has nothing to do with the deficit. >> i don't know of anyone who wants to shut down the government. the only thing we want to shut down so obama care and the reason why is because the harm it's doing to the middle class. >> the steaks are high and a shut down would have a major impact on d.c. jennifer davis joins us with details and reaction. >> hi, there, shawn. there was a lot of uncertainty as workers left their jobs this evening. the big question is will they get a paycheck come tuesday? sheena hopes come next week she and her son will still be walking to the bus stop together when she gets off work. >> lawmakers have time to avert a government shut down but if they don't she and her son are among those who will feel the impact. >> losing that money is going to be a big hurt on me. >> essential government activity would continue but an estimated eight up thousand -- to 1 million employees would have to stay home without pay. >> several people are talking about most the stuff is negative what are they going to do day-to-day how are they going to make ends paid. >>
on an issue that has nothing to do with the deficit. >> i don't know of anyone who wants to shut down the government. the only thing we want to shut down so obama care and the reason why is because the harm it's doing to the middle class. >> the steaks are high and a shut down would have a major impact on d.c. jennifer davis joins us with details and reaction. >> hi, there, shawn. there was a lot of uncertainty as workers left their jobs this evening. the big question is will...
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on an issue that has nothing to do with the deficit. >> nbc's luke is on capitol hill. luke, good morning to you. what happens next? >> that's the million dollar question with, alex. no one really knows for sure. we are here on a rare weekend session on saturday where house speaker is calling the house back into session to try to figure out a way forward. it depends on the house gop conference. they have procedural votes. they meet as a conference around noon. after that meeting we'll have somewhat of an idea how they want to play this. so far there has been this dedicated group of house gop members that do not want to fund the government if there are any funds for the president's health care law attached. they've really been invigorated by senator ted cruz in texas and the stand he took on the senate floor. >> i am hopeful and optimistic that the next time this continuing resolution is before the senate in the next few days that all 46 senate republicans stand united arm and arm with the house republicans and against the train wreck, the nightmare that is obama care. a
on an issue that has nothing to do with the deficit. >> nbc's luke is on capitol hill. luke, good morning to you. what happens next? >> that's the million dollar question with, alex. no one really knows for sure. we are here on a rare weekend session on saturday where house speaker is calling the house back into session to try to figure out a way forward. it depends on the house gop conference. they have procedural votes. they meet as a conference around noon. after that meeting...
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that cover us here, it's not a situation like we had in 2011 where we were trying to negotiate a large deficit reduction package. there's just not a lot to negotiate or talk about. we're just talking about something that -- a continued resolution that lasts for a matter of weeks. >> right. >> and all we're saying, this is not your opportunity to try to leverage this fight to extort some concessions on our side. particularly when it comes to health care, which we're launching on tuesday. >> right. >> and which was discussed a lot during the presidential election in 2012 and we know how that was resolved. so we're not going to refight this. >> i think we take that off -- to me, we take that off the table. obama care, the affordable care act, it's happening on tuesday, get over it. it's been voted on. >> it's also tied to the government shutdown. it's absurd they're using that as leverage. >> let's talk about that for just a moment. regardless of what's happening with this madness on the hill, the roll out begins on tuesday. but there have been some reports that already there may be some computer
that cover us here, it's not a situation like we had in 2011 where we were trying to negotiate a large deficit reduction package. there's just not a lot to negotiate or talk about. we're just talking about something that -- a continued resolution that lasts for a matter of weeks. >> right. >> and all we're saying, this is not your opportunity to try to leverage this fight to extort some concessions on our side. particularly when it comes to health care, which we're launching on...
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the pure economics of bringing the dream act kids in would cut the deficit by $1.4 billion and increase revenues by $2.3 billion. i mean, if you're in favor of more sound economic policy, it makes sense. >> well, alex, i spent a lot of time talking to ceos, and i hear consistently from ceos three things. we need to invest in infrastructure. our roads and our bridges. we need to invest in our human capital infrastructure. skills. we need to pass comprehensive immigration reform. i hear it from large businesses, hear it from small businesses. and we need to continue that work. and, you know, the work that mclr and others, voto latino have done have been indispensable because 16, 19, 23. three numbers to remember. 16% now of our population is latino. it will be 19% and change by 2020. it will be 23% by 2030. you ignore this community at your political peril and it really is -- >> and our economic future. if we're not investing in the skills development, in education around the, you know, all our kids, but particularly because the cohort of latino kids is growing, we're undermining our abil
the pure economics of bringing the dream act kids in would cut the deficit by $1.4 billion and increase revenues by $2.3 billion. i mean, if you're in favor of more sound economic policy, it makes sense. >> well, alex, i spent a lot of time talking to ceos, and i hear consistently from ceos three things. we need to invest in infrastructure. our roads and our bridges. we need to invest in our human capital infrastructure. skills. we need to pass comprehensive immigration reform. i hear it...
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at a moment when the economy steadily gained traction and the deficit have been falling father than any at any time in 60 years. shutdown would be a purely self-inflicted wound. >> one myth is that the government shutdown save money. management of the budget estimates last time there was a shut down in 1995, it cost the taxpayers $1.4 billion. uma? >> uma: wow! a hefty price tag indeed. thank you very much. you won't see a change in essential duties like the national security if the government shuts down. air traffic controllers, airport screener, they will all will working. but there will be noticeable changes in several other services. here is a quick look at what else might you miss come tuesday. >> let's begin with those who won't be working. each federal agency will decide who needs to stay and who needs to be sent home. not counting the military, that adds up to 800,000 people or 41% of the federal workforcech if past shutdowns are any indication of what may happen, here is what we can expect. the country's national parks will be closed. along with all of the well-known smithsonia
at a moment when the economy steadily gained traction and the deficit have been falling father than any at any time in 60 years. shutdown would be a purely self-inflicted wound. >> one myth is that the government shutdown save money. management of the budget estimates last time there was a shut down in 1995, it cost the taxpayers $1.4 billion. uma? >> uma: wow! a hefty price tag indeed. thank you very much. you won't see a change in essential duties like the national security if the...
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government open or shut it down because they can't get their way on an issue that has nothing to do with the deficit. i will not negotiate over congress' responsibility to pay the bills that have already been racked up. >> well now, this news comes after the united states senate passed a spending bill earlier today which funds the federal government through december and also funds obama care. the bill is now punted back to the house where it is bound to meet resistance from gop lawmakers. joining me now with reaction to this and more, congresswoman from tennessee, marsha blackburn and texas congressman michael burgess. welcome to you both. thank you for being here. congresswoman, let me start with you, this political hot potato now has been bounced back to your chamber. the president said this afternoon he is not negotiating on anything, spending cuts, obama care, the debt ceiling. he is not moving. he is immovable. what do you say to that? >> we have invited the president over and over again to come and negotiate with us. we have extended the hand of friendship. we would love for him to meet us at
government open or shut it down because they can't get their way on an issue that has nothing to do with the deficit. i will not negotiate over congress' responsibility to pay the bills that have already been racked up. >> well now, this news comes after the united states senate passed a spending bill earlier today which funds the federal government through december and also funds obama care. the bill is now punted back to the house where it is bound to meet resistance from gop lawmakers....
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at a moment when the economy has gained traction and deficits are falling faster than at any time in 60 years, a shutdown would be a purely self inflicted wound. that's why many republican senators and republican governors have urged republicans in the house of representatives to knock it off, pass a budget and move on. >> reporter: to start getting ready for a government shutdown, the white house, the obama administration put out guidance to the various agencies of the federal government as to who is being furloughed and who is not being furloughed, and this is very specific what's being sent out in various memos across the capitol. it basically says if you're furloughed, you're sitting home or you can go about your business, but you can't check blackberrys, can't communicate via e-mail with your bosses at the federal government, they are shut down government employees, and it sort of underlines the seriousness of all of this. keep in mind, the executive office of the president, according to the accounting that was put out by the white house yesterday in terms of who is furloughed a
at a moment when the economy has gained traction and deficits are falling faster than at any time in 60 years, a shutdown would be a purely self inflicted wound. that's why many republican senators and republican governors have urged republicans in the house of representatives to knock it off, pass a budget and move on. >> reporter: to start getting ready for a government shutdown, the white house, the obama administration put out guidance to the various agencies of the federal government...
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might think about the recession, not just in terms of stock markets and economic growth and debts and deficits. but in terms of our health and the public health more genuinely. to do so i will present what
might think about the recession, not just in terms of stock markets and economic growth and debts and deficits. but in terms of our health and the public health more genuinely. to do so i will present what
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van hollen has proposed presenting a budget that would and this across the board, and reducing the deficit and a expensive express a way to keep the government opening for the american people. we have asked over and over again for a vote on that budget. and republicans don't bring it to the floor because they see the alternative that it is. the distinction would be made. what mr. van holland is suggesting is in keeping with what the chairman of the republicans appropriations committee, chairman rogers. he said the house and senate and white house must come together as soon as possible on a comprehensive compromise the repeals sequestration and takes the action awful lurching path from fiscal crisis fiscal crisis, reduces the deficit and debt and provides a reenlisted topline discretionary spending level to fund the government in a responsible and attainable way. chairman rogers, the chairman of the appropriations committee, the committee has always been a bipartisan community. but even the chairman is saying that we propose a path that we fully subscribe here. it is too low for government
van hollen has proposed presenting a budget that would and this across the board, and reducing the deficit and a expensive express a way to keep the government opening for the american people. we have asked over and over again for a vote on that budget. and republicans don't bring it to the floor because they see the alternative that it is. the distinction would be made. what mr. van holland is suggesting is in keeping with what the chairman of the republicans appropriations committee, chairman...
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but you're not entitled to fact and the fact is the deficits are coming down salt of lower health care socosts. your premiums will be about 50% of what they were in my state. they can make this stuff up all they want and the american people are tired of the games and the sound bites. here's what they want us to do, they want us to figure out how to compromise. and by the way, the senate sent over a compromise. we accepted the republicans lower spending number. we were prepared to accept that and then what do they say, defund obama care and repeal the medical device tax and whatever other goodies they want in this bill to shut down the government. >> i'm looking over your shoulder there and there's a tour group it looks like some kids obviously with some adults in there touring the capitol behind you. >> that must be some republicans that they're walking around with if they're kids. >> and so i would -- i'm wondering, you know, this is your government in action, what they're thinking. what actually is going on? are you guys just sitting there sort of scratching your heads? what is happe
but you're not entitled to fact and the fact is the deficits are coming down salt of lower health care socosts. your premiums will be about 50% of what they were in my state. they can make this stuff up all they want and the american people are tired of the games and the sound bites. here's what they want us to do, they want us to figure out how to compromise. and by the way, the senate sent over a compromise. we accepted the republicans lower spending number. we were prepared to accept that...
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and the tax provision on medical devices will only widen the deficit, their provisions will cost us money. if they shut down the government it will hurt a lot of people, not just government employees, but people all across the country. reject this republican proposal and let's approve funding for the government. the speaker pro tempore: the time of the gentleman has expire. the gentleman from kentucky. mr. rogers: i yield one minute to the gentleman from colorado, mr. coffman. the speaker pro tempore: the gentleman is recognized. mr. coffman: mr. waxman just got up and eloquently spoke about the need to keep the insurance reforms in place. particularly about pre-existing conditions. let me just say, i would encourage him to read the bill and it does that. what the bill in fact does is those reforms in place in the provisions of obamacare prior to 1 october, will remain in place. the rest of it will in fact be delayed. with that, mr. speaker, i yield back. the speaker pro tempore: the gentleman yields back his time. the gentlelady from new york. mrs. lowey: i'm pleased to yield one minute
and the tax provision on medical devices will only widen the deficit, their provisions will cost us money. if they shut down the government it will hurt a lot of people, not just government employees, but people all across the country. reject this republican proposal and let's approve funding for the government. the speaker pro tempore: the time of the gentleman has expire. the gentleman from kentucky. mr. rogers: i yield one minute to the gentleman from colorado, mr. coffman. the speaker pro...
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open or shut it down, because they can't get their way on an issue that has nothing to do with the deficit. >> sounds so reasonable, but i hate to break it to you, mr. preside president, but rational isn't what this is about. okay. do you know this man? well, that's matt mead. he's the republican governor of wyoming. now, i know you may be asking why should i care about him? because in 2010, a midterm year, matt mead won the last statewide general election for the wyoming governor's office with 123,780 votes. that translated to 66% of the popular vote. his closest opponent, democratic challenger leslie peterson, took home 23% or about 43,240 votes. now clearly that's an undeniable landslide for the republican, but meade's path to the governorship wasn't easy. first he had to become the republican nominee and in the primary he won the nomination with 29% or 30,308 votes. 30,000. so his closest republican opponent fell short by just 703 votes. now, why are primary numbers like these important? because of her. do you remember that face? that, ladies and gentlemen, is liz cheney, daughter of d
open or shut it down, because they can't get their way on an issue that has nothing to do with the deficit. >> sounds so reasonable, but i hate to break it to you, mr. preside president, but rational isn't what this is about. okay. do you know this man? well, that's matt mead. he's the republican governor of wyoming. now, i know you may be asking why should i care about him? because in 2010, a midterm year, matt mead won the last statewide general election for the wyoming governor's...
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save 55 billion pounds per day to start with their contribution is not a bad start we could reduce the deficit, reduce corporation tacked to make as the most competitive and attractive business tax place in though world. lot of things we can do what i am certain of is we will get our money back, our borders back our policies back in their democracy back we will get our seat back on the global bodies that making an influence around the world. we will have the ability to strike free trade deals with whomever we choose. we could be a force for good in the world. we could do far more to raise living standards and to give away 1 billion pounds of foreign aid. [applause] now of course, there are some out there that say we cannot go all blown influence will decline if we are too small. those sort of people? but actually they are the voice of little england and we are the voice of great britain. [applause] and let's be ambitious. and with the structures of the european union. were the growth rate let's get out to engage with the world. with many in other countries in asia running double digits was not
save 55 billion pounds per day to start with their contribution is not a bad start we could reduce the deficit, reduce corporation tacked to make as the most competitive and attractive business tax place in though world. lot of things we can do what i am certain of is we will get our money back, our borders back our policies back in their democracy back we will get our seat back on the global bodies that making an influence around the world. we will have the ability to strike free trade deals...